I would suggest not relying on the value from wholesalers who are out to get your asset at a discount as 'Fair' Market Value.

We are in this 50/50 but I know its not fair for him to be at greater risk while having 2 kids & married while me being single with no kids.

If it was just a toilet leak, that's a fairly minor deal.

A lack of financing options didn't make the plan work out at this time though.Instead, my wife and I are thinking the first place we buy should be local and would purchase a multi-unit house, duplex, triplex, etc. in a fairly affordable neighourhood right in Vancouver.Any advice for someone trying to make a wise decision in the overly expensive Vancouver?

I am fairly conservative though.

Since it's been a hot market, and I was just getting a handle on it, it felt like the ratio was more like - look at a 200 houses, offer on 20, hope to get 1.Getting things fairly off-MLS is the key.

And if they're looking to sell then you've got a good shot at it being paid off fairly quickly.

However, last year I was doing some painting in one unit and had to wait at the paint counter with a ticket, and I saw those paint scent additives (comes in a small bottle) and they seem to be fairly popular.

So if i pull money out of one to buy another I dont think its fair to pin all the closing costs on the new property.You will not be able to write off 100% of all "repair costs".

Some other people I know have a one bedroom slopeside in breckenridge that they can't get into if there is snow on the ground.I'm sure the property management & placement company has a fair bit to do with it as well.In my book, you probably won't make money on it.